BNGE - ETF AI Analysis

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First Trust S-Network Streaming and Gaming ETF (BNGE)

Rating:64Neutral

Price Target:―

BNGE, the First Trust S-Network Streaming and Gaming ETF, earns a solid overall rating thanks to strong contributors like Netease, Tencent, Disney, Sony, and Electronic Arts, which benefit from robust financial performance, positive earnings calls, and strategic growth in gaming and streaming. However, holdings such as Flutter and Take-Two, which face profitability, valuation, and regulatory or tax-related challenges, weigh on the fund’s score. The main risk factor is the ETF’s focus on streaming and gaming companies, which can be sensitive to shifts in technology trends, regulation, and market sentiment toward growth and tech-related stocks.

Positive Factors

Strong Top Holdings

Several key holdings, like Roblox and Netflix, have shown strong year-to-date performance, supporting the ETF's overall returns.

Global Exposure

The ETF includes companies from diverse regions like Japan, Hong Kong, and the UK, reducing reliance on a single geographic market.

Focused Sector Allocation

The ETF's heavy exposure to Communication Services and Consumer Cyclical sectors aligns with growth opportunities in streaming and gaming industries.

Negative Factors

High Expense Ratio

The ETF charges a relatively high fee compared to many other funds, which can eat into investor returns over time.

Underperforming Holdings

Some top holdings, like Flutter Entertainment, have lagged in year-to-date performance, potentially dragging down the fund's momentum.

Sector Concentration Risk

Over 66% of the ETF is invested in Communication Services, making it vulnerable to downturns in this specific sector.

BNGE vs. SPDR S&P 500 ETF (SPY)

AUM7.48M

RegionGlobal

Expense Ratio0.70%

Beta1.00

IssuerFirst Trust

Inception DateJan 25, 2022

Dividend Yield0.89%

Asset ClassEquity

Index TrackedS-Network Streaming & Gaming Index - Benchmark TR Net

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume4,746

30 Day Avg. Volume2,721

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

45.83

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering43

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

BNGE Summary

The First Trust S-Network Streaming and Gaming ETF (Ticker: BNGE) is an investment fund focused on companies in the video games and eSports industries. It includes well-known names like Roblox and Nintendo, along with others involved in gaming development, streaming, and digital entertainment. This ETF follows the S-Network Streaming & Gaming Index, offering exposure to a growing sector driven by the popularity of interactive gaming and live-streaming platforms. Investors might consider BNGE for its potential growth in a rapidly evolving industry. However, since it focuses heavily on gaming and streaming, its performance can be impacted by trends in these specific areas.

How much will it cost me?The expense ratio for the First Trust S-Network Streaming and Gaming ETF (BNGE) is 0.7%, which means you’ll pay $7 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a niche sector like video games and eSports, which requires specialized research and management.

What would affect this ETF?The BNGE ETF could benefit from the growing popularity of gaming and streaming platforms, as well as advancements in technology that enhance user experiences. However, it may face challenges from regulatory changes in key markets, economic downturns that reduce consumer spending on entertainment, or increased competition within the gaming and streaming industries. Its global exposure and focus on companies like Roblox, Netflix, and Nintendo position it well for growth but also make it sensitive to international market conditions.

BNGE Top 10 Holdings

The BNGE ETF is heavily concentrated in the gaming and streaming sectors, with a global mix of companies driving its performance. Warner Bros is rising steadily, buoyed by strong streaming initiatives, while Tencent is showing mixed results, with solid fundamentals but bearish momentum. Netease stands out with robust profitability and successful game launches, adding positive energy to the fund. However, Flutter Entertainment and Spotify are lagging, weighed down by valuation concerns and sector-specific challenges. Overall, the fund’s thematic focus on gaming and streaming offers growth potential but faces headwinds from uneven stock performance.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
WBD	Warner Bros	7.96%	$594.51K	$70.19B	191.96%	68 Neutral
DIS	Walt Disney	5.09%	$379.74K	$206.88B	5.08%	75 Outperform
EA	Electronic Arts	4.97%	$371.05K	$51.05B	44.99%	70 Outperform
TTWO	Take-Two	4.76%	$355.26K	$46.63B	41.30%	53 Neutral
0700	Tencent Holdings	4.45%	$332.05K	HK$5.52T	68.06%	75 Outperform
9999	Netease Inc	4.39%	$327.52K	HK$665.64B	47.78%	80 Outperform
FLTR	Flutter Entertainment PLC	4.23%	$316.06K	£28.36B	-21.45%	54 Neutral
ALL	Aristocrat Leisure	4.17%	$311.68K	AU$35.08B	-18.41%	67 Neutral
1024	Kuaishou Technology Class B	4.09%	$305.40K	HK$326.12B	89.83%	71 Outperform
6758	Sony	3.95%	$294.95K	¥23.68T	19.66%	73 Outperform

BNGE Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

37.92

Negative

100DMA

38.77

Negative

200DMA

36.08

Positive

Market Momentum

MACD

-0.08

Positive

RSI

44.17

Neutral

STOCH

22.47

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BNGE, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 37.79, equal to the 50-day MA of 37.92, and equal to the 200-day MA of 36.08, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 44.17 is Neutral, neither overbought nor oversold. The STOCH value of 22.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BNGE.

BNGE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
BNGE	―	―	$7.48M	0.70%	―
FFND	―	―	$95.23M	1.00%	―
EVX	―	―	$93.58M	0.55%	―
GAMR	―	―	$42.03M	0.59%	―
NERD	―	―	$19.32M	0.50%	―
ODDS	―	―	$4.61M	0.51%	―

Performance Comparison

BNGE

First Trust S-Network Streaming and Gaming ETF

37.47

9.99

36.35%

FFND

Future Fund Active ETF

―

EVX

VanEck Environmental Services ETF

―

GAMR

Amplify Video Game Leaders ETF

―

NERD

Roundhill BITKRAFT Esports & Digital Entertainment ETF

―

ODDS

Pacer BlueStar Digital Entertainment ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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